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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Rental income $ 2,133,512 $ 2,077,453 $ 4,283,752 $ 4,116,137
Total revenues 2,234,212 2,148,687 4,473,756 4,255,197
Expenses        
Property operations 875,209 923,529 1,791,289 1,836,878
General and administrative 575,568 554,635 1,258,191 1,110,639
Depreciation and amortization 502,746 352,809 1,018,682 704,376
Business development 817 15,044 10,057 23,294
Total expenses 1,954,340 1,846,017 4,078,219 3,675,187
Operating income 279,872 302,670 395,537 580,010
Other income (expense)        
Dividend and interest income 20,270 17,446 44,369 34,646
Unrealized (loss) gain on marketable equity securities (27,764) 72,833 (218,169) 227,282
Interest expense (294,522) (256,104) (600,305) (517,270)
Total other (expense), net (302,016) (165,825) (774,105) (255,342)
Net (loss) income and comprehensive (loss) income $ (22,144) $ 136,845 $ (378,568) $ 324,668
Earnings per share        
Basic $ 0.00 $ 0.02 $ (0.04) $ 0.04
Diluted $ 0.00 $ 0.02 $ (0.04) $ 0.04
Weighted average shares outstanding        
Basic 9,269,567 7,640,991 9,266,189 7,635,885
Diluted 9,269,567 7,650,296 9,266,189 7,642,980
Other property related income        
Revenues        
Revenues $ 83,199 $ 71,234 $ 155,159 $ 139,060
Management fees and other income        
Revenues        
Revenues $ 17,501   $ 34,845